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Politics : High Tolerance Plasticity
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To: Don England who wrote (1666)3/15/2001 10:45:17 AM
From: MetalTrader  Read Replies (1) of 23153
 
It's tough to resist another tortured metaphor. This market begs for them. One of the trading desks described the action as "dry heaves". Very little selling pressure left.

Model allocation models are hitting all time highs for equities. In the fall of 1998, I recall them hitting 99% and the comment that 99% was only because 100% was not allowed. This morning one hit 100% equities.

Given a historical basis, from this point we are either making a bottom or going to see a heretofore unexplored level of dante's inferno.

As always, I suggest a measured approach but the reward side of the scales is gaining weight.

mt
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